Auburn National Bancorporation

Auburn National Bancorporation, Inc.
Public limited company
Traded as NASDAQ: AUBN
Industry Financial
Founded 1907
Headquarters Auburn, Alabama, United States
Area served
 Alabama
Key people
 E. Spencer
(Chairman & CEO)
Services deposit, loans,Visa Checkcards, ATM
Revenue Increase US$ 031.380 million(2012)[1]
Increase US$ 022.539 million (2012)[1]
Total assets Increase US$ 0701.438 million (2012)[1]
Total equity Increase US$ 0277.241 million (2012)[1]
Number of employees
 161 (2013)[2]
Website www.auburnbank.com

Auburn National Bancorporation, Inc. is a bank holding company, the Company’s business is primarily the management of the Auburn Bank, which is an Alabama state member bank.[3] The Bank offers financial products and services including checking, savings and lending.[4] The bank is a member of the Federal Home Loan Bank of Atlanta (the “FHLB”), its operation is regulated by the Federal Reserve and the Alabama Superintendent of Banks.[1]

History

In 1907, Sheldon (Shel) L. Toomer, a successful businessman actively involved with community activities, established Bank of Auburn (now Auburn Bank) with his fellow merchants and faculty friends, The bank was located in the heart of downtown Auburn, which was an educational center in the early twentieth century. [5]

In 1964, the managers decided to change the bank name to Auburn National Bank.[5]

In 1991, the Bank became a member of the Federal Home Loan Bank of Atlanta (the “FHLB”),[1] and in 1995, they changed the bank’s name again to Auburn Bank, which is also the bank’s current name.[5]


References

  1. 1 2 3 4 5 6 "Auburn National Bancorporation Annual Reports" (PDF).
  2. ↑ Number of the employees in Answers
  3. ↑ Description in google finance
  4. ↑ Details of the company
  5. 1 2 3 history of the bank
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.